click below
click below
Normal Size Small Size show me how
Expenditure
Key Words and Concepts for JC Expenditure
Term | Definition |
---|---|
What is expenditure? | Amount of money spent during a particular period in time |
List 2 types of expenditure | Fixed, Irregular, Discretionary |
What is impulse buying? | Buying on the spur of the moment without thinking of the consequences |
Define Opportunity Cost? | The item we had to do without or the opportunity we had to forego |